Hormel Foods Corp Stock Price, News & Analysis

Hormel Foods has launched new PLANTERS® Sweet & Spicy Dry Roasted Peanuts, marking its first innovation since acquiring the brand in 2021. The product combines honey and dried red chili pepper flavors, catering to the growing 'swicy' trend in snacks. Available in 16-ounce bottles and 1.75-ounce on-the-go sizes, these peanuts provide over 30 essential vitamins and minerals, healthy fats, and 7 grams of protein per serving. The introduction aims to enhance the company’s snack portfolio and meet consumer demand for unique flavor experiences.

Hormel Foods Corporation (NYSE: HRL) will participate in the 2022 Deutsche Bank dbAccess Global Consumer Conference on June 16, 2022, at 2:00 p.m. CEST in Paris, France. Key executives, Jim Snee and Swen Neufeldt, will present the company's long-term strategy, ESG initiatives, and plans for global expansion. The event will be available via live webcast on the company's website. Hormel Foods is known for its diverse portfolio of brands and has over $11 billion in annual revenue, serving customers in more than 80 countries.

The makers of HORMEL® NATURAL CHOICE® products have launched a new addition: Sandwich Pepperoni. This product aims to fulfill consumer cravings for pepperoni while maintaining a 100% natural profile. Free from preservatives and artificial ingredients, it offers versatility for various meals and snacking occasions. Retailing between $4.49 and $4.79 for a 6 oz. package, it is designed for family sharing. The product reflects Hormel's commitment to quality and taste in the snacking category.

Hormel Foods Corporation (NYSE: HRL) reported strong second-quarter results for fiscal 2022, with record net sales of $3.1 billion, up 19% year-over-year, and diluted earnings per share of $0.48, up 14%. Operating income rose 16% to $335 million, despite a 2% decrease in volume. The company reaffirmed its full-year sales guidance at $11.7 - $12.5 billion and narrowed earnings guidance to $1.87 - $1.97. Challenges remain, particularly due to highly pathogenic avian influenza affecting the Jennie-O Turkey Store segment.

Hormel Foods Corporation (NYSE: HRL) will participate in the 2022 Deutsche Bank dbAccess Global Consumer Conference on June 16, 2022, at 9:15 a.m. CEST in Paris, France. This event will feature Jim Snee, chairman and CEO, along with Swen Neufeldt, group VP and president of Hormel Foods International.

Investors can access the live webcast through the company's website. Hormel Foods generates over $11 billion in annual revenue and is recognized for its popular brands, including Planters, Spam, and Jennie-O.

Hormel Foods Corporation (NYSE: HRL) has declared a quarterly dividend of $0.26 per share, payable on August 15, 2022, to stockholders recorded by July 11, 2022. This marks the 376th consecutive quarterly dividend since the company went public in 1928. Hormel Foods is a globally recognized brand with over $11 billion in annual revenue, offering well-known brands such as SPAM® and Jennie-O®. The firm is part of the S&P 500 Index and the S&P 500 Dividend Aristocrats, reflecting its commitment to returning value to shareholders.

Hormel Foods Corporation (NYSE: HRL) will host a webcast and conference call on June 2, 2022, at 7:00 a.m. CT to discuss its second quarter financial results. The earnings press release is scheduled for release before market opening on the same day. The call will feature remarks from Jim Snee, CEO, and Jacinth Smiley, CFO. Investors can access the live webcast on Hormel's website under the Investors section. Hormel Foods, based in Austin, Minnesota, boasts annual revenues exceeding $11 billion.

Hormel Foods Corporation (NYSE: HRL) has been recognized as one of the 100 Best Corporate Citizens by 3BL Media, marking the 13th time the company has received this honor. The ranking highlights Hormel's outstanding performance in environmental, social, and governance (ESG) practices among the largest U.S. public companies. Hormel's commitment to ESG is demonstrated through its '20 By 30 Challenge' and various accolades for transparency and responsibility. The evaluation is based on 155 ESG factors across eight pillars, ensuring comprehensive scrutiny of corporate practices.

Hormel Foods Corporation (NYSE: HRL) will announce its second quarter financial results on June 2, 2022, prior to market opening. A conference call will follow at 8:00 a.m. CT to discuss the results, featuring Jim Snee, CEO, and Jacinth Smiley, CFO. Investors can listen via webcast at hormelfoods.com. Hormel Foods operates globally, boasting over $11 billion in annual revenue from 80 countries, with a portfolio of renowned brands including SPAM® and SKIPPY®.